Home Trending Stocks Comstock Mining Inc. (LODE) stock soar during pre-market trading. What’s happening?

Comstock Mining Inc. (LODE) stock soar during pre-market trading. What’s happening?

Comstock Mining Inc. (NASDAQ: LODE) stock gained by 1.14% at last close while the LODE stock price surged by 3.10% in the pre-market trading session. Comstock is a rising star in the extraction, valorization, and development of cleaner, renewable natural resources that are based on innovation. It focuses on high-value, cash-generating strategic materials that are critical to addressing the world’s fast growing need for clean energy, carbon neutrality, and natural products.

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Important Event

Comstock Mining has stated that it will be a part of Noble Capital Markets’ Virtual Road Show Series, sponsored by Channelchek, on Tuesday, June 22, 2021.


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Acquisition of Renewable Process Solutions

LODE stated today that it has acquired Renewable Process Solutions’ whole equity in exchange for 1,000,000 restricted shares of LODE’s common stock, for a total transaction value of approximately $3.5 million.

Since 2006, RPS and/or Mr. Bobbili have developed and constructed 21 innovative renewable fuels manufacturing facilities, and RPS now gives engineering, procurement, and construction services to the renewable metals, mining, petrochemical, and fuels industries. RPS also delivers modified equipment manufacturing services at notably higher quality and prices through its associated manufacturing sites in the United States and India

Recent Development

Comstock Mining announced that, as per the preliminary list of additions issued June 4, 2021, Comstock Mining will enter the Russell Microcap Index at the completion of the 2021 Russell Microcap Index’s annual reconstitution, starting after the US market opens on June 28, 2021. The Russell Microcap Index membership entitles you to immediate inclusion in the applicable growth and value indexes. The membership of FTSE Russell’s indexes is determined largely by objective market-capitalization rankings and style characteristics.

Mr. Corrado De Gasperis, Comstock’s Executive Chairman and CEO commented,

The Russell Microcap Index’s inclusion honors LODE value growth and also sets their capital base for the next phase of their expansion. Russell has recognized LODE’s expertise in technology and the sustainable extraction, valorization, and development of clean, renewable natural resources, and LODE and its shareholders are thankful for this new partnership.

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Investment managers and institutional investors utilize Russell indexes for index funds and as standards for effective investment strategies. Russell’s US indices are used to benchmark about $10.6 trillion in assets. FTSE Russell, a prominent worldwide index provider, produces Russell indexes.

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